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Author Question: The price elasticity of demand for an agricultural product is 0.4. This value means that, when the ... (Read 30 times)

ap345

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on: May 24, 2019
The price elasticity of demand for an agricultural product is 0.4. This value means that, when the quantity decreases 1 percent, the price
◦ falls 4 percent.
◦ rises 4 percent.
◦ falls 2.5 percent.
◦ rises 2.5 percent.
◦ rises 0.25 percent.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by ap345 on May 24, 2019

duy1981999

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ap345

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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